Quote from: laspol65 on Today at 06:11:29 AM

Quote from: GiftedMAN on March 14, 2025, 11:16:26 PM

Quote from: Rockstarguy on March 14, 2025, 03:35:54 PM

Quote from: Dr.Bitcoin_Strange on March 13, 2025, 10:44:32 AM

Many of us here already knows the importance of using the DCA strategy to invest into Bitcoin. With DCA, investors get to buy Bitcoin at different prices (in decreasing or increasing order) so that they don't miss out the opportunity to buy at a certain low, for example if the price is falling, most investors might not just want to put in all their money to buy but would rather invest bit by bit while watching for the price to dip more. Some people too invest using DCA strategy because of how their income is paid, if they receive monthly salary, they can only invest after they get paid.

The reason for using the DCA method to invest bitcoin is not just about the price of bitcoin ( increase or decrease), the main aim for DCA method is for investors to be able to invest bitcoin easily without trying to save some money to buy bitcoin because this is even waste of time but the essence for DCA method is for investors to invest with the money they can afford. Some people do think to invest bitcoin you have to get some fine amount of money to invest but the DCA method have proved it wrong that people don't have to get plenty of money first before investing in Bitcoin.

Not that the DCA method has something to do with the current price of Bitcoin but you also need money to run a successful DCA because without having money you can not run a DCA as it requires consistency in buying of Bitcoin either weekly or monthly. You do not need plenty money to run DCA infact the money you should used is supposed to be an amount that will not affect you emotionally throughout your time of investment and it should be an amount you can easily generate that's why it is the safest investment method as it should not inconvenience you after investing for weekly or monthly.

Investing in DCA method means long-term investment, long-term investment must require decent amount of money. Because the amount of money you used to spend extra from your income is the money you accumulate in Bitcoin.
Schedule the investment according to your weekly and monthly income, but the longer the term, the more bitcoins you will be able to accumulate. So, as much money as you can invest in bitcoins, buy bitcoins weekly and monthly according to the DCA method. Then you will be able to sustain your investment for a long time and not have to face any danger which is most valuable.

An aspect of DCA is that you can take affordable amounts out of your budget (income) each week or whatever might be your frequency, and so you won't necessarily be overly inconvenienced by the amount that you take up, even though over a long period of time, the amount that you end up investing into biticoin is likely goint to end up being a lot of money - even though each week it might not feel like very much.

Quote from: Moreno233 on Today at 06:43:49 AM

Quote from: GiftedMAN on March 14, 2025, 11:16:26 PM

Quote from: Rockstarguy on March 14, 2025, 03:35:54 PM

Quote from: Dr.Bitcoin_Strange on March 13, 2025, 10:44:32 AM

Many of us here already knows the importance of using the DCA strategy to invest into Bitcoin. With DCA, investors get to buy Bitcoin at different prices (in decreasing or increasing order) so that they don't miss out the opportunity to buy at a certain low, for example if the price is falling, most investors might not just want to put in all their money to buy but would rather invest bit by bit while watching for the price to dip more. Some people too invest using DCA strategy because of how their income is paid, if they receive monthly salary, they can only invest after they get paid.

The reason for using the DCA method to invest bitcoin is not just about the price of bitcoin ( increase or decrease), the main aim for DCA method is for investors to be able to invest bitcoin easily without trying to save some money to buy bitcoin because this is even waste of time but the essence for DCA method is for investors to invest with the money they can afford. Some people do think to invest bitcoin you have to get some fine amount of money to invest but the DCA method have proved it wrong that people don't have to get plenty of money first before investing in Bitcoin.

Not that the DCA method has something to do with the current price of Bitcoin but you also need money to run a successful DCA because without having money you can not run a DCA as it requires consistency in buying of Bitcoin either weekly or monthly. You do not need plenty money to run DCA infact the money you should used is supposed to be an amount that will not affect you emotionally throughout your time of investment and it should be an amount you can easily generate that's why it is the safest investment method as it should not inconvenience you after investing for weekly or monthly.

You need money to invest in Bitcoin and HODL irrespective of the method you are using to buy. I wouldn't want you to make it seem as though the DCA method require some special kind of funding because the money you can use to buy the dip or lump sum is just enough to run a successful DCA purchase.

From practice, the DCA method is even the most financially friendly method because it can be implemented with any amount no matter how small it is provided it falls into the discretionary income of the investor.

If you tell the average Jack on the street, who does not understand the DCA method, that they can start buying Bitcoin with as little as $10 per week, most of them will laugh at you because they have the mindset that Bitcoin is for the rich. But the knowledge of the DCA method makes this possible and something someone can do with optimism and build someone out of it withing half a decade.

$10 per week would be $520 per year and $5,200 after 10 years.

Even a person who might start out investing into bitcoin with $10 per week, he may well experience changes in his income and/or his expenses, and he may be able to increase his $10 per week to higher amounts in some weeks or maybe even to consistently move his invested amount up to much higher weekly investment amounts.

Quote from: Sim_card on Today at 03:28:19 PM

Quote from: JayJuanGee on Today at 05:01:56 AM

[edited out].

You are right, it's better not to lump sum all the money at once because sharing it into three parts for DCA, lump sum and buying at the dip will give more flexibility and benefits to the person.

I was not even trying to proclaim which one would be better, since it may well be better to just use all of the lump sum and to buy right away. My main point was just to make sure that there is an attempt to consider all three possibilities, even if you still might up going with completely one of the possibilities or even almost completely one of the possibilities. It might not be a good idea to defer by either time (DCA) or by price (buying on dips). Yet it may be good to consider the possibility of those two ways of delaying the buying of BTC.

Quote from: Sim_card on Today at 03:28:19 PM

I used only lump sum as an example to let Agbamoni know that lump sum doesn't mean that is only for the rich. Both investors can lump sum, but the rich guy has more discretionary income to lump sum with a bigger amount than the poor man.

Yes. I understood that portion of your post, which is surely valid. Lump sum can come to anyone, and sure the rich person is likely to have more opportunities for lump sum and the amounts are likely to be higher, yet even a poor person might come across high amounts of lump sum value from time to time, and surely any poor person might NOT have systems in place in order to deal with their lump sums. They might not know where to put their lump sums, yet surely if they already are accustomed to buying bitcoin, then they are in a much better position to have had already established systems in order to buy bitcoin and/or to consider the various ways to deploy their lump sum amount, whether they choose to buy right away with it or if they choose to defer by time or by price.. and we know that the "deferring by price" might not end up playing out (if the BTC price does not drop).

Quote from: Sim_card on Today at 03:28:19 PM

However, based on what you said is the best. For instance, If I have an extra cash of $500. It's better of for me to share into three and use $150 to lump sum right away, use $200 for DCA and spread it into several days with my initial ongoing DCA weekly order.

I did not say what you should do, except to say that you should be suggesting that it is better to consider all three categories of buying rather than merely presuming that using it all to buy right away is the correct and the best way forward, even though it may well be your conclusion (after considering the matter) that it is best to just buy bitcoin right away with all of the extra money.

Quote from: Sim_card on Today at 03:28:19 PM

I will use the last $150 for buying at the dip. Perhaps, I might still split it into four parts. $100 for lump sum, $100 for buying at the dip, $100 to add to my emergency funds and $200 for DCA. All these should be done best by the investor based on how he wants it because he is in the best position to decide how he wanta to use the extra $500 that comes in without any plan to spend it on other things.

Yep. Of course, emergency fund and/or back up funds is another possible category to consider, even though in my earlier response, I already addressed the assumption that your emergency funds and/or back up funds were in a good place, yet surely any time that any of us gets extra money, we are put into a position that maybe we would be advantaged to reconsider where we are at with all of our funds, and how we might allow our extra money to improve our situation in a meaningful way, which also we know that consumption is another option.. even though that is also a default course of action that many folks take, especially those who don't already have an investment system in place...and so each of us who have already established our bitcoin investment system are advantaged to have the placement of value into bitcoin as one of our already prepared for options.